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Impact Of The Pandemic In New York City

By Mike Berey on March 24, 2021

A number of decisions were handed down on the impact of the Pandemic on commercial leases.

New York City has enacted Local Law No. 55-2020, adding Administrative Code Section 22-1005 (“Personal liability provisions in commercial leases”), also known as the “Guaranty Law.” The Guaranty Law provides, in part, the following:

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Topics: laws for pandemic impact of the pandemic